Income Taxes

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Note 11 Income Taxes 

Income tax recovery differs from that which would be expected from applying the effective tax rates to the net loss as follows: 

	December 31,			December 31,
	2024			2023
Net loss for the year	$	(2,800,549	)	$	(5,301,298	)
Statutory and effective tax rates		21.0	%		21.0	%
Income taxes expenses (recovery) at the effective rate	$	(588,115	)	$	(1,113,273	)
Effect of change in tax rates		—			—
Permanent differences		—			—
Valuation allowance		588,115			1,113,273
Income tax expense and income tax liability	$	—		$	—

As at December 31, 2024 and 2023 the tax effect of the temporary timing differences that give rise to significant components of deferred income tax asset are noted below. A valuation allowance has been recorded as management believes it is more likely than not that the deferred income tax asset will not be realized. 

	December 31,			December 31,
	2024			2023
Cumulative net losses carried forward	$	31,658,127		$	28,857,578
Deferred tax assets	$	6,648,207		$	6,060,091
Valuation allowance		(6,648,207	)		(6,060,091	)
Deferred taxes recognized	$	—		$	—

We have incurred cumulative net losses in excess of $32 million since inception and we have not previously filed U.S. corporate income tax returns. Management estimates that we have no income tax liability. Based on our lack of profitability, management has not recognized net deferred tax assets for past losses.